Shares of B L Kashyap & Sons shine on bagging two new orders worth Rs 271 crore

B L Kashyap & Sons has secured two new orders aggregating to around Rs 271 crore. The order worth around Rs 80 crore is for the Construction of structural works and external civil work from Jaganmayi Manor and the order is worth around Rs 191 crore for Civil and finishing works including external development from Suparna Realtors The total order book as of date stands at Rs 3,276 crore (excluding GST).

B. L. Kashyap and Sons (BLK) is one of the leading Construction, Infrastructure and Civil Engineering companies in India. The pan-India presence of the organisation has enabled the company to service the growing infrastructure needs throughout India. It specialises in undertaking major industrial, residential, and commercial projects.

The company is expected to continue growing in India due to a favourable industry outlook, strong order book, diversified product portfolio, and commitment to innovation. The construction industry in India is expected to grow at an 8% CAGR over the next five years, driven by factors like government infrastructure spending, urbanization, and disposable incomes.

B.L. Kashyap and Sons is currently trading at Rs 69.17, up by 2.80 points or 4.22% from its previous closing of Rs 66.37 on the BSE. The scrip opened at Rs 70 and has touched a high and low of Rs 71.70 and Rs 68.75 respectively. So far 62,776 shares have been traded on the counter.

The BSE group ‘B’ stock of face value Rs 1 has touched a 52-week high of Rs 76.93 and a 52-week low of Rs 25.95. Last one week high and low of the scrip stood at Rs 71.70 and Rs 63.75 respectively. The current market cap of the company is Rs 1559.37 crore. The promoters holding in the company stood at 61.65%, while Institutions and Non-Institutions held 0.35% and 38.01% respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.